Liqueurs and Cordials Price in Portugal - 2023
Contents:
- Liqueurs and Cordials Price in Portugal (CIF) - 2023
- Liqueurs and Cordials Price in Portugal (FOB) - 2023
- Liqueurs and Cordials Imports in Portugal
- Liqueurs and Cordials Exports in Portugal
Liqueurs and Cordials Price in Portugal (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $6.2 per litre, dropping by -10.4% against the previous month. In general, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials import price increased by +24.4% against April 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 53% against the previous month. The import price peaked at $6.9 per litre in May 2023, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($12.3 per litre), while the price for Germany ($3.4 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Portugal (FOB) - 2023
The average liqueurs and cordials export price stood at $6.1 per litre in June 2023, with an increase of 7.6% against the previous month. Overall, export price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials export price decreased by -7.6% against April 2023 indices. The growth pace was the most rapid in July 2022 an increase of 59% against the previous month. As a result, the export price attained the peak level of $7.5 per litre. From August 2022 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($8.8 per litre), while the average price for exports to Spain ($2.0 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Portugal
In 2022, the amount of liqueurs and cordialses imported into Portugal skyrocketed to 2.8M litres, jumping by 48% against 2021. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, liqueurs and cordials imports surged to $15M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Liqueurs and Cordials in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.7 | 2.5 | 3.2 | 4.0 | 2.6% |
| Italy | 1.1 | 0.6 | 1.3 | 2.2 | 26.0% |
| Belgium | 0.3 | 0.8 | 3.1 | 2.2 | 94.3% |
| Spain | 3.2 | 1.3 | 2.0 | 2.0 | -14.5% |
| Ireland | 0.8 | 0.5 | 0.8 | 1.5 | 23.3% |
| Germany | 0.9 | 0.5 | 0.7 | 1.0 | 3.6% |
| France | 0.3 | 0.2 | 0.6 | 0.9 | 44.2% |
| United Kingdom | 1.0 | 0.6 | 0.1 | 0.3 | -33.1% |
| Others | 0.5 | 0.4 | 0.3 | 0.9 | 21.6% |
| Total | 11.7 | 7.6 | 12.1 | 15.0 | 8.6% |
Top Suppliers of Liqueurs and Cordials to Portugal in 2022:
- Netherlands (860.8K litres)
- Spain (545.6K litres)
- Italy (358.3K litres)
- Germany (243.0K litres)
- Ireland (217.4K litres)
- Belgium (201.3K litres)
- France (149.9K litres)
- United Kingdom (63.7K litres)
Liqueurs and Cordials Exports in Portugal
Liqueurs and cordials exports from Portugal rose notably to 2M litres in 2022, surging by 5.8% against the year before. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, liqueurs and cordials exports surged to $10M in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Liqueurs and Cordials in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,368 | 1,881 | 1,960 | 1,956 | 12.7% |
| France | 708 | 900 | 814 | 734 | 1.2% |
| United States | 533 | 470 | 675 | 491 | -2.7% |
| Switzerland | 463 | 590 | 726 | 432 | -2.3% |
| Luxembourg | 708 | 550 | 426 | 402 | -17.2% |
| Netherlands | 424 | 298 | 579 | 362 | -5.1% |
| Germany | 280 | 550 | 344 | 271 | -1.1% |
| Angola | 218 | 122 | 199 | 240 | 3.3% |
| Others | 2,904 | 1,853 | 2,783 | 5,093 | 20.6% |
| Total | 7,605 | 7,215 | 8,507 | 9,981 | 9.5% |
Top Export Markets for Liqueurs and Cordials from Portugal in 2022:
- Spain (1136.3K litres)
- France (140.9K litres)
- United States (100.2K litres)
- Netherlands (84.7K litres)
- Switzerland (60.8K litres)
- Luxembourg (60.5K litres)
- Germany (45.7K litres)
- Angola (42.1K litres)
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